Cost analysis: Figures-data-facts plausibly compiled. Reducing costs without losing performance is an important criterion for turning the right screws.
Cost analysis for entrepreneurs and managers simple and plausible with numbers-data-facts
Based on more than 15 years of experience with medium-sized customers and companies, the 10 most effective ways to make cost savings are summarized. In doing so, the company's performance is not diminished. A plausible cost analysis shows where savings are possible and what potential they have. In doing so, this cost analysis clearly presents the possibilities that are not already overstimulated. SIMUFORM shows examples from practice and plausible figures, which potentials lie fallow in companies.
Tradition and digitization are not at odds with each other.
When many years of practical experience are combined with modern methods of digitalization, very effective tools are created. In this way, SIMUFORM has compiled a catalog of measures, especially at the current time, in exchange with its customers and business partners, in order to save money for the companies and at the same time not to reduce performance.
Read our 10 tips for saving money in companies. This is a guide from industrial practice for entrepreneurs, managers, and decision-makers.
The cost analysis shows savings of over €50,000 per year in medium-sized companies with a company size of 200 employees or more.
Tip 1 - Stop unnecessary searching for data and information
The daily search for data and information ties up a lot of time. Take a look at how often you search for data and information. Studies show that we waste over 10% of our working time on avoidable searches for data and information. That's over 45 minutes a day.
Figures from practice
With only 10 users, this saving is equivalent to a monetary value of 44,000 euros per year. That's 1,100 working hours a year that go unused.
Tip 2 - Limit duplication of effort and redundancy
Double work corresponds to 100% loss. Work that is destroyed without contribution. It is useless and avoidable. We show you how this results in a saving of at least 32,500 euros per year. This value can be increased.
Tip 3 - Avoid unnecessary items and master data
The reuse of drawing parts eliminates the proportional work. But it also eliminates significant follow-up costs in the process chain. Especially in the case of simple and quickly created drawing parts, there are often multiple data sets in the inventory.
The cost analysis here quite plausibly shows a saving of over 80,000 euros per year or the equivalent of 1,875 construction hours.
Tip 4 - Ensure the best purchase prices
In many companies, a lot of drawing parts are outsourced for production. Which supplier is the best in terms of price, adherence to delivery dates, and quality? An intelligent search engine supports the purchasing department very effectively in the following points. Via these methods, you get a daily benchmarking to always buy from the best supplier at the best price. This is systematic, sustainable, and extremely effective.
Tip 5 - Utilize reuse of work plans
By using SIMILIA, you gain an overview of available manufacturing documents, such as workflows, resource plans, or CNC programs, of similar or identical manufacturing parts. By using SIMILIA, you gain an overview of available manufacturing documents, such as workflows, resource plans, or CNC programs, of similar or identical manufacturing parts.
Use the existing know-how of production across orders. In this way, you accelerate work preparation and save money.
Tip 6 - Calculate costs faster and more accurately
Speed is the key!
We help you to play your aces when it comes to inquiries.
Increase speed and quality when processing customer inquiries. For the processing of customer inquiries and the preparation of quotations, use existing know-how and learn from the experience of past calculations.
Tip 7 - Mark and block duplicates in the inventory
Our cost analysis shows: These are really quick wins. This results in a savings potential of more than 100,000 euros once in the company. The associated effort is low with the SIMUFORM method to record duplicates in the inventory.
Do you often have holders, brackets, adapters, sleeves, and other drawing parts in stock twice and three times? Sometimes it's called a holder, sometimes a mounting bracket, and sometimes a connecting plate. Each of the parts has a different article number. The resulting costs for these multiple installations are avoidable.
Tip 8 - Enforce the reuse of drawing parts
SIMILIA allows for finding similar and usable parts during the drawing creation. In seconds. Guaranteed without classification! Systematically reduce the diversity of parts in your company, even across locations. This way you establish a consistent and easy-to-use common parts strategy.
Tip 9 - Design costs consciously at an early stage
The rule of ten states that the cost of eliminating a product defect is 10 times higher at each later stage than at the stage before. This was impressively substantiated by the results of many studies as early as the 1970s in Japan, the USA, and Great Britain. The rule of ten is a law in quality management.
The logical consequence of this rule is the design-to-cost method. This means that the costs of a product's life cycle are inherent in its cradle.
Tip 10 - Use the proposal system for preferred parts
A simplification of control. By using SIMILIA as an intelligent search engine, you gain an overview of already created manufacturing documents, such as workflows, tools, or CNC programs, of similar or identical products and projects.
...and if you want to know how to optimize other processes in purchasing, then read on here:
